Which agreement provides that the industrial tariffs should be reduced on less than full reciprocity basis, the developed countries must bring down tariffs more than the developing countries?
Answer & explanation
Correct answer: option 3
The correct answer is Option 3: The Doha development Agenda 2001
The Doha Development Agenda (DDA) launched in 2001 under the framework of the World Trade Organization (WTO) emphasized special and differential treatment for developing countries. It included a provision for "less than full reciprocity" in reducing industrial tariffs, meaning developed countries would reduce tariffs more significantly than developing countries. This was aimed at fostering equitable trade and aiding the economic development of poorer nations.
*** This is out of syllabus question.